Restructuring of non-oil revenues in the state's general budget using financial engineering tools

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Majid Kadhim Malamy, Ass. Prof. Dr. Khadija Jomaa Muter

Abstract

The research aims to identify the methods of financial engineering in how to restructure
revenues, and to show the reasons for the failure of revenues in general to cover the deficit in the
general budget. In addition, it explains the limitations and determinants of developing non-oil
sources of financing. It uses the inductive and the descriptive analytical approach using the
engineering tools of both traditional and new finance to find solutions to financial problems at the
level of government financial institutions represented by financing the budget and managing its
financing risks. Covering the budget deficit, managing its risks and the most important
recommendations provide the appropriate environment in the Ministry of Finance that helps to
develop mechanisms and methods of modern financial engineering such as tools and ideas. This
is an approach in its strategy prepared by the Economic Department to maximize non-oil
revenues through the implementation of innovative financing strategies. It implements projects
with financial returns on the state treasury.

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How to Cite
Majid Kadhim Malamy, Ass. Prof. Dr. Khadija Jomaa Muter. (2021). Restructuring of non-oil revenues in the state’s general budget using financial engineering tools. Turkish Journal of Computer and Mathematics Education (TURCOMAT), 12(14), 4402–4430. https://doi.org/10.17762/turcomat.v12i14.11312
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